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Reply to "Early retirement, vacation home or travel? Hard decision"
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[quote=Anonymous]Make sure you've factored taxes & depreciation into your equation, OP. We rented out our primary residence in DC and now live in our second home in Portugal. Income from the rental pays off primary home mortgage, which lets us keep a toehold in case we ever want to come back to DC again. Also, we take depreciation on primary home to lower our US taxes. The second home was bought outright, so no mortgage expense on that, plus COL is much cheaper than DC, and we are tax free in Portugal.[/quote]
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